Retail trading app Robinhood (HOOD) reported third quarter-earnings Wednesday showing the company beat revenue and earnings estimates thanks to higher interest earned from rising rates. But the platform fell short on maintaining monthly active users at consensus expectations. It lost 1.8 million monthly active users for the period, a quarterly decrease of 12.8% to 12.2 million, the lowest level since it listed as a publicly traded company. Shares of HOOD, which have sold off more than 33% year… Source link
Read More »Etsy set to report earnings ahead of holiday season
Etsy (ETSY) stock popped 9% in after-hours trading on Wednesday after the e-commerce company reported third-quarter revenue that beat analysts’ expectations. Here are the key figures compared to Wall Street’s expectations, compiled from Bloomberg: Revenue: $594.5 million actual versus $563.6 million expected Gross Merchandise Sales: $3 billion actual versus $2.92 billion expected Loss Per Share: -$7.62 actual versus 76 cents expected Active Buyers: 94 million actual versus 95.5 million… Source link
Read More »Google Launches New Beta to Play Android Games on PC
Android released its Google Play Games launcher beta to western audiences Tuesday, claiming you can save your progress between multiple devices.Gif: Google Are you growing tired of staring at your 5 by 2 inch screen to play Android mobile games? Well, on Tuesday, Google’s Android Developers blog announced that the company’s launching a new beta for a platform that will let users play their Android games on PC. 01:25 Randall Park’s Favorite Superheroes Monday 5:02PM The company had already… Source link
Read More »NBA DFS Picks: Yahoo Plays for 11/2 – NBA.com
DeMar DeRozan and the Chicago Bulls host the Charlotte Hornets on Wednesday night. We have a massive 11-game slate on tap for Wednesday, which means there’s an enormous player pool to wade through. Below you’ll find some players to target and fade, and I’ve made an effort to avoid players that are obvious quality additions to your lineups. GUARDS Anfernee Simons, POR ($26) vs. MEM It’s a thrill to see Simons at this salary, especially while Damian Lillard is out. Portland has some… Source link
Read More »Social media as we know it is over
This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, Nov. 2, 2022 Social media will never be the same The world is still digesting the news that billionaire Elon Musk actually owns Twitter, but in fact, the development marks just the latest sign that social media as we know it has come to an end. Twitter and the company formerly known as… Source link
Read More »Stocks bounce as Fed delivers fourth 0.75% hike
U.S. stocks were firmly higher Wednesday afternoon following a move by the Federal Reserve to raise its benchmark policy rate by 75 basis points for a fourth straight time — on par with market expectations — while hinting at a potential slower pace of monetary tightening ahead. The S&P 500 (^GSPC) gained 0.6%, while the Dow Jones Industrial Average (^DJI) jumped 280 points, or 0.9%. The technology-heavy Nasdaq Composite (^IXIC) was up 0.3%. “In determining the pace of future increases in… Source link
Read More »Google Play revamp to highlight higher-quality apps, offer new promotional capabilities • TechCrunch
Google today announced it’s making several changes to the Google Play Store that will impact Android apps’ discoverability, how developers can market their apps to consumers and various trust and safety concerns. Most importantly, Google is now advising developers that the Play Store will begin to prioritize apps that deliver on both technical and in-app quality by promoting them in more places across the Play Store where they can be discovered by consumers. The changes hint at… Source link
Read More »World Series Game 4 Picks
This article is part of our Yahoo DFS Baseball series. The Phillies took care of business at home in Game 3 on Tuesday, giving them a 2-1 advantage in the World Series. They will have Aaron Nola on the mound for Game 4, putting them in an excellent position to potentially earn another victory. He had a stellar regular season, registering a 3.25 ERA and a 2.58 FIP. Starting for the Astros will be Cristian Javier, who had a 33.2 percent strikeout rate during the regular season. He’s… Source link
Read More »Here are the three factors analysts are watching
Coinbase Global (COIN) is set to release earnings after the market closes Thursday with Q3 potentially showing 2022’s worst quarter yet for spot market crypto trading venues. But not every analyst agrees how much weight investors will put into the company’s financials if it demonstrates growth in non-trading revenue. Here are Wall Street’s estimates compiled by Bloomberg: Revenue: $649.15 million Adjusted net income: ($520.52) million Adjusted EBITDA: ($212.95) million Adjusted earnings per… Source link
Read More »‘Never seen spending patterns’ like this before with luxury consumer
For British luxury automaker Bentley (VOW.DE), 2022 may leave a strong 2021 in the dust. Through the first nine months of 2022, Bentley reported record operating profit of €575 million ($577,129,608), more than double the amount from a year ago. The previous full-year record high for operating profit was €389 million ($383,651,250.00). Revenue through the first nine months came in at €2.490 billion ($2,455,762,500.00), a jump of 28% from a year ago. For Bentley CEO Adrian Hallmark, the… Source link
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